NCLT Allows One Of The First Applications U/S 10 Of The Fresh Insolvency Code [Read Order]

The National Law Company Tribunal, Mumbai has allowed one of the very first applications under the newly notified Insolvency and Bankruptcy Code, 2016. The application was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016 on behalf of the corporate debtor i.e.Rajeshwari weaving mills which has debts up to the tune Rs. 16 crores. The matter was argued by Shrey Sinha,...